India, Feb. 10 -- Artificial Intelligence (AI) has transformed the way we live, work, and interact, offering incredible benefits in many areas, including finance. However, while AI has simplified and secured many tasks, it's also being misused by fraudsters who are creating sophisticated scams. With the ability to analyse data, mimic human behaviour, and generate fake content, AI is enabling new types of financial fraud that are harder to detect and easier to carry out.

One such AI-based fraud method is voice cloning for impersonation. Using advanced voice cloning technology, fraudsters can replicate a person's voice with just a short audio sample. They use this to impersonate someone the customer knows, like a family member or trusted b...